Shares of American Express have continued to sell off recently. According to our primary scenario, the beige wave c is progressing and likely to complete below our support at $219, in our green Long Target Zone between $205.35 and $167.99. Within this range, we anticipate the the low of the blue wave (IV), which should conclude the current corrective cycle. If American Express were to break directly above the resistance at $397.21 without retreating into our zone, the blue wave alt.(IV) would have already ended at $219 (probability: 39%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.